PIMCO Active Bond Exchange-Traded Fund

BOND

Market cap $8.29B

These exchange-traded funds are good long-term bets. Morningstar's Guide to Active ETFs.

Pimco Active Bond ETF offers an interesting fixed income allocation with a ~5.17% SEC yield and active management. BOND's active approach is well-suited for today's uncertain interest rate environment, balancing flexibility with a proven outperformance track record versus the Bloomberg U.S. Aggregate Index. Intermediate-duration exposure positions BOND to benefit from potential rate reductions without excessive risk, supporting a moderately constructive outlook.

Higher-for-longer interest rates and a new Federal Reserve chair confirmation are only adding to the market uncertainty in fixed income. With that, active management has almost become a necessity when navigating current and future credit cycles.

Active ETFs captured 84% of all U.S. ETF launches in 2025, and nowhere does that shift matter more than in fixed income.

The iShares High Yield Muni Active ETF (CBOE:HIMU) sits in one of the more specialized corners of the bond market: actively managed, below-investment-grade and non-rated municipal debt, wrapped in an ETF and pitched at investors hunting tax-advantaged income that ordinary muni funds cannot match.

The active bond ETF wrapper is about to absorb a structural shift. the PIMCO Active Bond ETF (NYSEARCA:BOND | BOND Price Prediction) sits near $92 after a 6% total return over the past year, while Fidelity's Fidelity Total Bond ETF (NYSEARCA:FBND) and BlackRock's iShares High Yield Muni Active ETF (BATS:HIMU) round out a trio positioned to catch fund flows from the roughly 100 mutual fund-to-ETF conversions State Street expects in 2026.

Volatility spiked in late March when the VIX reached 31.05 on March 27, 2026, before easing back to roughly 19.50, a level near the upper end of its typical range.

Amid a higher-for-longer interest rate environment, PIMCO's launch of the PIMCO Inflation PLUS Active ETF (PCPI) is a timely addition to its active ETF lineup. The fund seeks to provide a more robust inflation hedge compared to traditional TIPS.

Stadion Money Management, LLC purchased 264,926 shares of BOND The position had a quarter-end value of $24.66 million, reflecting both the share purchase and price changes during the quarter. Transaction represents 2% of reportable assets under management New stake: 264,926 shares, valued at $24.66 million as of December 31, 2025 The new position in BOND now accounts for 2% of Stadion Money Management, LLC's 13F assets, placing it outside the fund's top five holdings

PIMCO Active Bond ETF delivers a 5% yield via an actively managed, multi-sector bond portfolio with a 6-year duration. BOND has outperformed both the BND benchmark and inflation since inception, but its share price remains below initial levels due to 2021-2022 rate hikes. Since June 2023, BOND has underperformed peers like PYLD, BINC, and JPIE in total return and risk metrics.